Mortgage Refinance Norway

Refinancing your mortgage (Boliglån Refinansiering) can save you money - as long as the conditions are right and the new mortgage has a better interest rate. Find out if mortgage refinancing or home equity use is right for you.

In Norway, you can refinance a mortgage up to 85% of the market value of your property without any restrictions. Moreover, if your current mortgage is only 50% of the value of your home, you can refinance the remaining 35% as well, bringing the mortgage up to 85% of the value of your home (Oppfylle boliglån).

✓ Mortgage Refinancing (Boliglån Ref Finansiering) in Norway allows you to borrow capital for your own house or flat, lower the interest rate and change your mortgage bank before the repayment period is scheduled to expire. ✓ To refinance your mortgage, you must pass the so-called Mortgage stress test. ✓ When refinancing, you can borrow up to 85% of the value of your home. ✓ Mortgage refinancing will cost approximately NOK 2,500 to NOK 5,000 for mortgage loan disbursement and land registry entry fees - Grunnboken (Kartverket). ✓ A credit line (Kredittramme) against your home is an alternative to refinancing.

Yes, refinancing a mortgage in Norway usually requires an appraisal. Since the amount you can borrow on mortgage refinancing depends on the value of your home, most mortgage lenders will require a home appraisal to determine the present value of your home.

The costs of refinancing a mortgage loan (Boliglån Refinansiering) in Norway include the registration of a mortgage with a bank and the legal fees associated with a new entry in the land register (Tinglysning) as you are replacing your current mortgage with a new one. You will also have to pay for a home appraisal. Other costs depend on when you refinance and where you refinance.

Consolidate your debt into a conventional mortgage, home loan or line of credit. Use equity capital to manage unmanageable debt. Find out how. Homeowners get approved - regardless of their credit, age or income.